Oil Extends Losses as Volatility Overcomes OPEC Talk

The transcript discusses the complexities of the oil market, focusing on OPEC's influence, market skepticism, and the volatility of commodities. It highlights the role of Brent crude as a global benchmark and the challenges in understanding production dynamics due to OPEC's opacity. The importance of tanker tracking in assessing oil production is also emphasized.

What role does the Brent crude price play in the global oil market?

Why is it important to track tanker movements in understanding oil supply?